L8 Notes_Part_11 - Application Controls Test General...

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Control Totals Example – Five sales invoices are being processed in a batch Invoice # Product Quantity Unit Price 216 QA3 12 $6 217 G14 16 $10 218 A91 3 $52 219 X43 148 $4 220 QA6 14 $2 TYPE CONTROL TOTAL ADVANTAGES AND DISADVANTAGES Record Count Financial Total Hash Total Types of Control Totals
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Sequence for Evaluation – General and
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Unformatted text preview: Application Controls Test General Controls Effective? Effective? Yes – Evaluate Application Controls Yes – Perform tests of application controls and, if effective, reduce substantive testing No – do not reply on IT application controls to reduce control risk No – do not rely on IT application controls to reduce control risk...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L8 Notes_Part_11 - Application Controls Test General...

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